Gotham Asset Management LLC lifted its stake in Mantech International Corp (NASDAQ:MANT) by 135.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,524 shares of the technology company’s stock after purchasing an additional 6,053 shares during the period. Gotham Asset Management LLC’s holdings in Mantech International were worth $550,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new stake in Mantech International in the 4th quarter worth $71,000. Alpine Global Management LLC purchased a new stake in Mantech International in the 3rd quarter worth $209,000. Dynamic Technology Lab Private Ltd purchased a new stake in Mantech International in the 3rd quarter worth $257,000. Koshinski Asset Management Inc. purchased a new stake in Mantech International in the 3rd quarter worth $259,000. Finally, BBT Capital Management LLC purchased a new stake in Mantech International in the 4th quarter worth $285,000. Hedge funds and other institutional investors own 65.56% of the company’s stock.
Shares of NASDAQ:MANT traded up $1.18 during trading on Wednesday, reaching $58.91. The company’s stock had a trading volume of 122,368 shares, compared to its average volume of 125,774. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.01. Mantech International Corp has a 12 month low of $48.25 and a 12 month high of $68.11. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 3.09 and a beta of 0.93.
In related news, insider Judith L. Bjornaas sold 3,670 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $53.84, for a total value of $197,592.80. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $538,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 33.70% of the stock is currently owned by company insiders.
Several research analysts have commented on the stock. BidaskClub raised shares of Mantech International from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Cowen reissued a “buy” rating and set a $65.00 price objective on shares of Mantech International in a report on Wednesday, February 27th. Zacks Investment Research raised shares of Mantech International from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Saturday, February 23rd. Finally, ValuEngine downgraded shares of Mantech International from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $65.29.
WARNING: This news story was first reported by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/04/24/gotham-asset-management-llc-buys-6053-shares-of-mantech-international-corp-mant.html.
Mantech International Company Profile
ManTech International Corporation provides technology solutions and services for U.S. defense, intelligence community, and federal civilian agencies worldwide. The company offers cyber solutions and services, including security operations, threat intelligence, incident response and forensics, boundary defense, security systems engineering, infrastructure security, and computer forensics and exploitation.
Featured Article: How to Invest in a Bull Market
Receive News & Ratings for Mantech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mantech International and related companies with MarketBeat.com's FREE daily email newsletter.